Victory Capital Management Inc. Decreases Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Victory Capital Management Inc. trimmed its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,881,185 shares of the financial services provider’s stock after selling 116,126 shares during the quarter. Victory Capital Management Inc.’s holdings in United Bankshares were worth $145,738,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UBSI. Integrated Investment Consultants LLC boosted its holdings in shares of United Bankshares by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 270 shares during the period. Principal Securities Inc. boosted its holdings in shares of United Bankshares by 10.1% in the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 285 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 310 shares during the period. HighTower Advisors LLC boosted its holdings in shares of United Bankshares by 1.7% in the third quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock worth $730,000 after acquiring an additional 332 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of United Bankshares by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock worth $457,000 after acquiring an additional 427 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the sale, the director now owns 35,424 shares in the company, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.66% of the company’s stock.

United Bankshares Trading Up 0.3 %

Shares of UBSI stock opened at $35.33 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 52-week low of $30.68 and a 52-week high of $44.43. The company has a market capitalization of $4.78 billion, a PE ratio of 12.89 and a beta of 1.02. The business’s fifty day moving average is $37.57 and its 200 day moving average is $38.38.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period in the prior year, the firm earned $0.59 EPS. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.19%. United Bankshares’s dividend payout ratio (DPR) is presently 54.01%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UBSI. Stephens reaffirmed an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods cut their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

About United Bankshares

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.